Jump to content



Photo

3of 3 front and center


  • Please log in to reply
92 replies to this topic

#91 Russ

Russ

    Member

  • Traders-Talk User
  • 6,107 posts

Posted Yesterday, 06:08 PM

 

i dont know if anyone is connecting the dots.  the communist takeover of hong kong is huge. its going to have huge 

repercussions, hong kong real estate is some of the most expensive in the world . business is going to be brought to a standstill 

hsbc has a big face in hong kong.  real estate values  are going to plummet . the Brits are thinking of ways to expedite hong kong 

residents citizenship. another slap at the dying eu. gold buying is going to escalate. the mao revolution killed 30-40 million , then the cultural revolution killed another 10 million . the leaders of the revolution in hong kong have disbanded and fled. gold buying as a result of banks running into trouble as a result of hong kong takeover is going to take center 

stage. hong kong has been a center for trade for decades and centuries.  

i titled this thread 3of 3 i am serious . we are there now.  as i said yesterday gdxj was 100 points higher in 11 when gold was at these levels . miners are still blood in the streets.  hello

dharma

ps saw trump on cnbs this morning . yes there will be periods where the economy comes back but the lows will be lower.  a top in the broad market in 21

was looking at the GDXJ longer term charts, a breakout above 50-53 to me suggests fairly clear selling to next major resistance at 95-100, 55-90 looks like what I call a "speed zone" area and wave wise it would be 3 of 3 and IMO that makes sense since the March to May rally was likely wave 1 of bigger 3 (30.5 pts or so), take 1,618 X wave 1 and that equals close to 50 GDXJ points, add that to the mid June wave 2 bottom (near 42) and that gets you to that same 90-95 area. Lots of things IMO coming together nicely. yes.gif

 

Senor

 

Silver as I mentioned to Dharma looks headed for a low in early August, so gold and all the miners should be pulled down too. Notice on the silver chart each rally since last year has been lower (green horizontal line) and it never even got to the 2016 high area (turquoise line). 


Edited by Russ, Yesterday, 06:11 PM.

"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#92 senorBS

senorBS

    Member

  • TT Member+
  • 9,248 posts

Posted Today, 06:43 PM

 

 

i dont know if anyone is connecting the dots.  the communist takeover of hong kong is huge. its going to have huge 

repercussions, hong kong real estate is some of the most expensive in the world . business is going to be brought to a standstill 

hsbc has a big face in hong kong.  real estate values  are going to plummet . the Brits are thinking of ways to expedite hong kong 

residents citizenship. another slap at the dying eu. gold buying is going to escalate. the mao revolution killed 30-40 million , then the cultural revolution killed another 10 million . the leaders of the revolution in hong kong have disbanded and fled. gold buying as a result of banks running into trouble as a result of hong kong takeover is going to take center 

stage. hong kong has been a center for trade for decades and centuries.  

i titled this thread 3of 3 i am serious . we are there now.  as i said yesterday gdxj was 100 points higher in 11 when gold was at these levels . miners are still blood in the streets.  hello

dharma

ps saw trump on cnbs this morning . yes there will be periods where the economy comes back but the lows will be lower.  a top in the broad market in 21

was looking at the GDXJ longer term charts, a breakout above 50-53 to me suggests fairly clear selling to next major resistance at 95-100, 55-90 looks like what I call a "speed zone" area and wave wise it would be 3 of 3 and IMO that makes sense since the March to May rally was likely wave 1 of bigger 3 (30.5 pts or so), take 1,618 X wave 1 and that equals close to 50 GDXJ points, add that to the mid June wave 2 bottom (near 42) and that gets you to that same 90-95 area. Lots of things IMO coming together nicely. yes.gif

 

Senor

 

Silver as I mentioned to Dharma looks headed for a low in early August, so gold and all the miners should be pulled down too. Notice on the silver chart each rally since last year has been lower (green horizontal line) and it never even got to the 2016 high area (turquoise line). 

 

all I can say is I have nice 5-wave daily rallies in GDX/XAU/HUI from mid June to the most recent highs and that was not to new highs for the yr so IMO that is most likely wave 1 of a much larger move higher, I can see at most a 38% retracement of that rally from June 15 but after that I think we go a LOT higher, my dos centavos

 

Senor



#93 tradesurfer

tradesurfer

    Member

  • Traders-Talk User
  • 2,571 posts

Posted Today, 08:35 PM

21 is the big big number on silver that we need to see price trade above

Then 26 is next key pause point

Just a matter of time.

If we consider the larger pattern in silver since 1980 the massive cup and handle. Price usually ascends quite rapidly upwards on the right side portion of the handle of a cup and handle patter